PI Ratings

CRISL conducted PI ratings of Citibank N.A. and HSBC Ltd. (The Hong Kong and Shanghai Banking Corporation Ltd.)

As a part of compliance requirement of Bangladesh Bank, CRISL has released the ratings of the following banks on the basis of the Public Information (PI) as published by the banks through annual financial statements upto December 31, 2018 and other available published information. While assigning the rating CRISL considered the bank’s earning strength, asset quality, capital adequacy & liquidity position and other available quantitative fundamentals as disclosed through bank’s financial statements.

The above mentioned ratings lack some relevant quantitative as well as qualitative information which might have impact on the ratings.

CRISL released following PI ratings

PI Rating 2018
Name of the Bank Long term Short term
Foreign Commercial Bank
1 Citibank N.A. (PI) AA+ (PI) ST-1
2 HSBC Ltd. ( The Hong Kong and Shanghai Banking Corporation Ltd.) (PI) AA+ (PI) ST-1

 

PI Rating: Bank

As a part of compliance requirement of Bangladesh Bank, CRISL has released the ratings of the following banks on the basis of the Public Information (PI) as published by the banks in its Annual Report, Annual financial statements upto December 31, 2017 and other available published information.
CRISL conducted PI ratings of 23 banks. Out of them ratings of 18 banks ( 3 SCB , 2 FCB & 13 PCB) have been reaffirmed; ratings of three banks have been upgraded and ratings of 2 banks have been downgraded.
The above mentioned ratings lack some relevant quantitative as well as qualitative information which might have impact on the ratings.

CRISL released following PI ratings

Stable Rating

 

PI Rating 2017 PI Rating 2016
Name of the Bank Long term Short term Long term Short term
  list_19State-owned Commercial Bank
1 Janata Bank Limited (PI) BBB (PI) ST-3 (PI) BBB (PI) ST-3
2 Bangladesh Development Bank Limited (PI) BBB (PI) ST-3 (PI) BBB (PI) ST-3
3 Rupali Bank Limited (PI) BBB- (PI) ST-3 (PI) BBB- (PI) ST-3
  list_19Foreign Commercial Bank
1 State Bank of India (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3
2 Bank Alfalah Limited (PI) A (PI) ST-3 (PI) A (PI) ST-3
  list_19Private Commercial Bank
1 Uttara Bank Limited (PI) A (PI) ST-3 (PI) A (PI) ST-3
2 Dhaka Bank Limited (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3
3 United Commercial Bank Limited (PI) A (PI) ST-3 (PI) A (PI) ST-3
4 Mercantile Bank Limited (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3
5 The City Bank Limited (PI) A+ ( PI)ST-3 (PI) A+ ( PI)ST-3
6 NCC Bank Limited (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3
7 National Bank Limited ( PI) A (PI) ST-3 ( PI) A (PI) ST-3
8 One Bank Limited (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3
9 Shahjalal Islami Bank Limited (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3
10 Jamuna Bank Limited (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3
11 First Security Islami Bank Limited ( PI)A- (PI) ST-3 ( PI)A- (PI) ST-3
12 IFIC Bank Limited (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3
13 Pubali Bank Limited (PI) A (PI) ST-3 (PI) A (PI) ST-3

The following rating has been upgraded: 

PI Rating 2017 PI Rating 2016
Name of the Bank Long term Short term Long term Short term
Private Commercial Bank
1 The Premier Bank Limited (PI) A (PI) ST-3 (PI) A- (PI) ST-3
State-owned Commercial Bank
1 Sonali Bank Limited (PI) BBB (PI) ST-3 (PI) BBB- (PI) ST-3
2 Agrani Bank Limited (PI) BBB (PI) ST-3 (PI) BBB- (PI) ST-4

The following ratings have been downgraded:

PI Rating 2017 PI Rating 2016
Name of the Bank Long term Short term
  Private Commercial Bank
1 AB Bank Limited     (PI) BBB+ (PI) ST-3 (PI) A (PI) ST-3
2 Social Islami Bank Limited (PI) A- (PI) ST-3 (PI) A (PI) ST-3

 

PI Rating: Pharmaceuticals & Cement

As a part of compliance requirement of Bangladesh Bank, CRISL has released the ratings of the following Pharmaceuticals & Cement sector companies on the basis of the Public Information (PI) as published by the companies in its Annual Report, Annual financial statements upto FY2017 and other available published information. Ratings of all the companies have been reaffirmed.

The above mentioned ratings lack some relevant quantitative as well as qualitative information which might have impact on the ratings.

CRISL released following PI ratings:

Sector Name Name of the Company PI Rating 2017 PI Rating 2016
Long Term Short Term Long Term Short Term
Pharmaceuticals
  • The Ibn Sina Pharmaceutical Industry Ltd.
(PI) A- (PI) ST-3 (PI) A- (PI) ST-3
  • GlaxoSmithKline Bangladesh Limited
(PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3
Cement
  • M.I. Cement Factory Limited
(PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3
  • Heidelberg Cement Bangladesh Limited
(PI) AA- (PI) ST-2 (PI) AA- (PI) ST-2
  • LafargeHolcim Bangladesh Limited
(PI) AA- (PI) ST-2 (PI) AA- (PI) ST-2